Citicore prepares for IPO, to invest $4B in renewable energy
Citicore Renewable Energy Corp., one of the Philippines' biggest solar power producers, is planning to go public this year to fund a $4 billion...
Globe sets 5% revenue growth, allots $1.3-B capex this year
GLOBE Telecom, Inc. aims to reach a middle-single-digit or around 5% revenue growth this year as it hopes the inflation rate will ease for...
AirAsia to expand fleet; Philippine passengers seen to double this year
AIRASIA Philippines will be adding 10 planes this year to its existing 14, its top official said, as he expects the expanded fleet to...
SEC removes 33 online lending platforms from Google Play Store
THE Securities and Exchange Commission (SEC) was able to remove 33 online lending platforms or OLPs from Google Play Store in its campaign against...
Metro Pacific unit inks construction deal for P6-B Candaba project
A UNIT of Metro Pacific Investments Corp. (MPIC) has partnered with CIMIC Group’s Leighton Asia’s Philippines branch for the Candaba third viaduct project, which...
ERC opposes consolidation of cases on power supply deals
THE Energy Regulatory Commission (ERC) is appealing the decision of the appellate court to consolidate the cases filed by units of SMC Global Power...
PNRI says Korean firm offers to revive BNPP in five years
A SOUTH Korean company has offered to rehabilitate the nuclear power plant in Bataan, an official of the Philippine Nuclear Research Institute (PNRI) said...
CTA upholds Davao City’s fees on San Miguel Foods
LOCAL governments can collect slaughter fees as part of their regulatory powers, the Court of Tax Appeals (CTA) ruled, as it upheld the fee...
Emerging Power renews supply deal with AboitizPower retail units
EMERGING Power, Inc. (EPI) on Thursday said it had renewed an agreement to supply power to the retail electricity units of Aboitiz Power Corp....
ICTSI’s Mexico unit gets carbon-neutral certification
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) announced on Thursday that its Mexican unit became the first organization in the Mexican port industry to be...
How PSEi member stocks performed — February 9, 2023
Here’s a quick glance at how PSEi stocks fared on Thursday, February 9, 2023.
Fairmont targets local partnerships for expansion
FAIRMONT Hotels & Resorts, which recently celebrated the 10th anniversary of its flagship hotel in the Philippines, is eyeing more partnerships to expand its presence in the country, according to the company’s top official.